Creation of GE Digital

Bill Ruh named Chief Digital Officer; Mark Begor retires from GE and
is succeeded by Russell Stokes as CEO of Energy Management; and Jamie
Miller named CEO of GE Transportation

NEW YORK, Sep 14, 2015 (BUSINESS WIRE) --
GE
GE, +0.97%
announced the creation of GE Digital, a transformative move
that brings together all of the digital capabilities from across the
company into one organization. GE Digital will integrate GE’s Software
Center, the expertise of GE’s global IT and commercial software teams,
and the industrial security strength of Wurldtech. This new model will
be led by Bill Ruh, chief digital officer.

“As GE transforms itself to become the world’s premier digital
industrial company, this will provide GE’s customers with the best
industrial solutions and the software needed to solve real world
problems. It will make GE a digital show site and grow our software and
analytics enterprise from $6B in 2015 to a top 10 software company by
2020,” said Jeffrey Immelt, Chairman and CEO of GE.

“With this alignment – backed by sustained investment – we will
accelerate our efforts to build GE’s digital strength and win in the
Industrial Internet. We are building the playbook for the new digital
industrial world by harnessing our horizontal capabilities including
Predix, software design, fulfillment and product management, while also
executing critical outcomes for our customers. This is the strength of
GE.”

GE plans to update advancements and customer collaboration at the Minds
& Machines event on September 28-October 1 in San Francisco, CA.

Ruh has been leading GE’s Software COE and building the foundation of
strong software experience for GE since 2011. Under his direction, GE
has grown to over 1,200 software experts at the Software Center in San
Ramon, CA. He is leading the team as they work on a diverse set of
projects that capture the nimbleness of a start-up, while harnessing
GE's powerful industrial intelligence to deliver better outcomes for
customers.

GE Leadership Changes

In addition, the company announced a series of key leadership changes.
Mark Begor is retiring from GE. Russell Stokes will succeed Mark at GE
Energy Management and Jamie Miller will succeed Russell at GE
Transportation. All of these changes are effective October 1.

Mark Begor is retiring after 35 years with GE. Begor began his career at
GE in 1980, was named a company officer in 1996 and a GE senior vice
president in 2005. He led a turnaround at Energy Management, preparing
for growth from the Alstom acquisition. Prior to Energy Management, Mark
held key leadership positions in GE Capital, including Commercial Real
Estate and Synchrony. “I would like to thank Mark for his contributions,
dedication and service to GE. I can always count on Mark to deliver and
I value him as a friend,” stated Immelt.

Russell Stokes, 44, will lead GE’s Energy Management business as
president and CEO, which will become a $13B business when combined with
Alstom. Stokes, an 18-year GE veteran, most recently led Transportation
through paramount shifts as they launched revolutionary products ahead
of the competition and outperformed the market.

Jamie Miller, 47, will succeed Russell as the president and CEO of
Transportation. Miller, who joined GE in 2008, is the right leader for
this business to take digital solutions and service offerings to
Transportation customers. In her most recent role as senior vice
president and CIO, she drove GE’s digital transformation through global
IT strategy, services and operations, and delivered innovative solutions
for GE, its customers and employees. Jim Fowler, a 15-year IT leader at
GE, will succeed Miller as CIO.

“All of our business leaders will be critical to our success as a
digital industrial company and will help lead us through this
generational change for GE,” added Immelt.

About GE

GE
GE, +0.97%
imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com

Company

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